1
EXHIBIT 11
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THREE MONTHS ENDED JULY 31, SIX MONTHS ENDED JULY 31,
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1994 1993 1994 1993
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IN THOUSANDS EARNINGS SHARES EARNINGS SHARES EARNINGS SHARES EARNINGS SHARES
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PRIMARY EARNINGS (LOSS) PER SHARE
Earnings (loss) before extraordinary loss
and cumulative effect of change
in accounting principle $ (516) $ 456 $(3,189) $ (286)
Preferred dividend requirements $ 76 $ 77 $ 151 $ 155
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Earnings (loss) before extraordinary loss
and cumulative effect of change
in accounting principle applicable
to common stock and average common
shares outstanding $ (592) 24,317 $ 379 24,175 $(3,340) 24,312 $ (441) 24,039
Employees preferred and stock options deemed
to be a common stock equivalent -0- 389 -0- -0-
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Totals before extraordinary loss and
cumulative effect of change
in accounting principle $ (592) 24,317 $ 379 24,564 $(3,340) 24,312 $ (441) 24,039
PER SHARE $ (.02) $ .02 $ (.14) $ (.02)
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Earnings (loss) before cumulative effect
of change in accounting principle $ (516) $ 216 $(3,189) $ (526)
Preferred dividend requirements $ 76 $ 77 $ 151 $ 155
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Earnings (loss) before cumulative effect
of change in accounting principle applicable
to common stock and average common shares
outstanding $ (592) 24,317 $ 139 24,175 $(3,340) 24.312 $ (681) 24,039
Employees preferred and stock options deemed
to be a common stock equivalent -0- 389 -0- -0-
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Totals before cumulative effect of change in
accounting principle $ (592) 24,317 $ 139 24,564 $(3,340) 24,312 $ (681) 24,039
PER SHARE $ (.02) $ .01 $ (.14) $ (.03)
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Net earnings (loss) $ (516) $ 216 $(3,189) $(2,799)
Preferred dividend requirements $ 76 $ 77 $ 151 $ 155
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Net earnings (loss) applicable to common stock
and average common shares outstanding $ (592) 24,317 $ 139 24,175 $(3,340) 24,312 $(2,954) 24,039
Employees preferred and stock options deemed
to be a common stock equivalent -0- 389 -0- -0-
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Total net earnings (loss) $ (592) 24,317 $ 139 24,564 $(3,340) 24,312 $(2,954) 24,039
PER SHARE $ (.02) $ .01 $ (.14) $ (.12)
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FULLY DILUTED EARNINGS (LOSS) PER SHARE
Earnings (loss) before extraordinary loss and
cumulative effect of change
in accounting principle applicable
to common stock and average common
shares outstanding $ (592) 24,317 $ 379 24,564 $(3,340) 24,312 $ (441) 24,039
Senior securities the conversion of which
would dilute earnings per share -0- 122 -0- -0-
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Totals before extraordinary loss and
cumulative effect of change
in accounting principle $ (592) 24,317 $ 379 24,686 $(3,340) 24,312 $ (441) 24,039
PER SHARE $ (.02) $ .02 $ (.14) $ (.02)
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Earnings (loss) before cumulative effect of
change in acounting principle applicable
to common stock and average common shares
outstanding $ (592) 24,317 $ 139 24,564 $(3,340) 24,312 $ (681) 24,039
Senior securities the conversion of which
would dilute earnings per share -0- 122 -0- -0-
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Totals before cumulative effect of change in
accounting principle $ (592) 24,317 $ 139 24,686 $(3,340) 24,312 $ (681) 24,039
PER SHARE $ (.02) $ .01 $ (.14) $ (.03)
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Net earnings (loss) applicable to common stock
and average common shares outstanding $ (592) 24,317 $ 139 24,564 $(3,340) 24,312 $(2,954) 24,039
Senior securities the conversion of which
would dilute earnings per share -0- 122 -0- -0-
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TOTAL NET EARNINGS (LOSS) $ (592) 24,317 $ 139 24,686 $(3,340) 24,312 $(2,954) 24,039
PER SHARE $ (.02) $ .01 $ (.14) $ (.12)
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All figures in thousands except amount per share.